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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Deutsche Gopher Fan said:
I mean, the taxes and insurance just make the monthly payment uncomfortable and …I liked living here. Add to that - I can’t really buy a place in twice cities for $300k or less so I’m going to be paying more for something at a higher interest rate.
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Yeah, I get that. I have a daughter and son-in-law looking to sell their existing house and move up, but it's a tough market. But it's nice to have that wealth building occur at no cost to you but maintenance, insurance and some taxes.
 
DGF - is refinancing an option to cut payments? Or are you like me, clinging to that sub-3% rate? Going from 3% to like 7% would definitely wipe out a lot of that increased equity, in terms of monthly payments.
 
Deutsche Gopher Fan said:
I may have to sell. I put more down on this house to brace for rising taxes but I didn’t forsee 26% jumps in one year. And I’m in Hennepin county so we’re probably going to get absolutely reamed for the light rail debacle. Next year county has already approved a 6.5% raise and city a 9% raise. Add that on to my ever rising home value. It’s gone up 300k in five years and I’ve done nothing outside basic maintenance
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Could you get a roommate or two? Obviously not ideal but might be better than selling.
 
akerry said:
I believe that capitalism, while flawed, is an efficient economic system that fosters innovation and competition. However, it is crucial to ensure that businesses operate ethically and pay their fair share of taxes. In today's digital age, cryptocurrencies have emerged as an alternative form of currency. With the growing popularity of crypto transactions, it is imperative for governments to regulate this sector appropriately.
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You have nothing to lose but your filenames.
 
akerry said:
I believe that capitalism, while flawed, is an efficient economic system that fosters innovation and competition. However, it is crucial to ensure that businesses operate ethically and pay their fair share of taxes. In today's digital age, cryptocurrencies have emerged as an alternative form of currency. With the growing popularity of crypto transactions, it is imperative for governments to regulate this sector appropriately.
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Recent research has shown that empirical evidence for globalization of corporate innovation is very limited and as a corollary the market for technologies is shrinking. As a world leader, it's important for America to provide systematic research grants for our scientists. I believe strongly there will always be a need for us to have a well-articulated innovation policy with emphasis on human resource development. Thank you.
 
Jimjamesak said:
Recent research has shown that empirical evidence for globalization of corporate innovation is very limited and as a corollary the market for technologies is shrinking. As a world leader, it's important for America to provide systematic research grants for our scientists. I believe strongly there will always be a need for us to have a well-articulated innovation policy with emphasis on human resource development. Thank you.
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old-school-no-response.gif
 
Jimjamesak said:
Recent research has shown that empirical evidence for globalization of corporate innovation is very limited and as a corollary the market for technologies is shrinking. As a world leader, it's important for America to provide systematic research grants for our scientists. I believe strongly there will always be a need for us to have a well-articulated innovation policy with emphasis on human resource development. Thank you.
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So, you see, the puppy was like industry. In that, they were both lost in the woods. And nobody, especially the little boy - "society" - knew where to find 'em. Except that the puppy was a dog. But the industry, my friends, that was a revolution.
 
Sounds like the fed is holding rates but really seem to want the labor market to weaken.

I get that the days of super low interest rates won’t be coming back, but this will be interesting. They seem to want more layoffs to get inflation more in check but I don’t think that is going to solve everything
 
Deutsche Gopher Fan said:
Sounds like the fed is holding rates but really seem to want the labor market to weaken.

I get that the days of super low interest rates won’t be coming back, but this will be interesting. They seem to want more layoffs to get inflation more in check but I don’t think that is going to solve everything
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That's the same thing I've been hearing on CNBC, they (the ones closest to the fed controlling things) want inflation to be much closer to two percent than it is right now, but they just can't do it with the labor market continuing to be strong.

(Ironic considering a few posters (or posters significant others) here are actively seeking employment and can't find any).

Fed wanted to keep raising rates, but realize the economy/market/whatever may not break where they want it to or how they expect it to.

One economist this morning praised the work done by the Biden administration to rein in inflation as well as they have, and actually expect to see the fed cut rates in late 2024 at the current pace.
 
I need the Econ 101 explanation here:

So because everyone is working, there is too much cash being put into the economy currently (people needing to spend all their paycheck instead of saving), causing inflation? So the fix is to restrict the inflow of cash (via fewer jobs paying out)?
 
RaceBoarder said:
I need the Econ 101 explanation here:

So because everyone is working, there is too much cash being put into the economy currently (people needing to spend all their paycheck instead of saving), causing inflation? So the fix is to restrict the inflow of cash (via fewer jobs paying out)?
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You’re forgetting the most important factor: If there’s a job surplus it means that workers have too much power.
 
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